S&P Corrects By Reinstating 'AAA/A-1'Rating On JPMorgan Securities Inc. PUTTERs & DRIVERs Trust's Series 3363 Jan 13
- Language: English
- Published: January 2013
LONDON (Standard & Poor's) Jan. 10, 2012--Investors in structured finance securities remain highly focused on 'AAA' ratings--and consequently, so do issuers. But with banking system and sovereign risks recently increasing, 'AAA' ratings are becoming more difficult to achieve. In a recent report titled "Should 'AAA' Be The Only Way For Structured Finance?," Standard & Poor's Ratings Services discusses the historical prevalence of the 'AAA' rating among senior classes of structured finance securities and whether it's in the market's best interests. "In our view, market participants tend to pay too little attention to what a 'AAA' rating for a given security actually means, based on the analysis behind it," said credit analyst Andrew South. "In particular, a security that one rating...
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Research type: News
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